Movers: Bigstar dulls; Radiant shines

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SCREAMER: Algo PharmaceuticalCorp.algo
shares plunged 60 percent after the company stated that the U.S. Food and Drug Administration gave the company a "not approvable" letter for its MorphiDex cancer product. Algo researches alternative pain relievers for migraines, cancer and postoperative pain. Shares lost 14 3/8 to close at 9 7/8 Tuesday. See Screamers.

U.S. stocks to watch

Chiron CHIR, +0.00%
recorded income from continuing operations of $34 million, or 18 cents a share compared to $12 million, or 7 cents in the year-earlier quarter. Analysts' estimates averaged13 cents a share, according to First Call. Shares closed up 1/4 to 25 15/16, before the report. See related story.

Humana announced that its chief executive officer Gregory H. Wolf has resigned to pursue other interests. David A. Jones, chairman of the board and retired chief executive officer, will act as interim chief executive of the managed care company. Humana
HUM, -0.21%
shares fell 1/2 to 10 1/4 before being halted pending the news. See full story.

Intimate Brands, Inc.IBI, +1.10%
said after the market closed that it expects to report better-than-expected earnings of 34 cents a share in the second quarter, 21 percent above last year's quarter and a penny ahead of the current consensus estimate. The company said same-store sales rose 9 percent in July period from the same month last year and 12 percent in the second quarter overall. The company sells specialty retail products through Victoria's Secret and Bath and Body Works brands. Shares closed up 3/8 to 44 1/4, ahead of the news.

Maxim IntegratedProductsMXIM, +1.09%
posted a fiscal fourth-quarter profit of $52.6 million, or 34 cents a share vs. $49.2 million, or 33 cents a share, a year ago. The results were in line with the average estimate of analysts surveyed by First Call.The company said in a press release is saw strength in the notebook and communications markets during the quarter. Ahead of the release, shares closed up 1 1/16 to 64 7/8.

Objective Systems Integratorsosii
Objective Systems Integrators
osii
could get a boost on news of better-than-expected earnings. The company broke even for the second quarter with net income of $139,000, exceeding the consensus estimate of a 7-cent loss. Last year, the company posted net income of $380, 000, or 1 cent a share, in the same period. Shares fell 1/32 to 3 9/32.

SFX EntertainmentSFX, -0.52%
agreed to acquire U.K.-based entertainment provider Apollo Leisure Group for about $254 million. As part of the transaction, SFX will also acquire The Barry Clayman Corporation, currently 50 percent owned by the shareholders of Apollo. SFX also announced that it filed with the Securities and Exchange Commission to offer 7.5 million shares of the company's class A stock. SFX shares fell 1 1/16 to 43 15/16 ahead of the announcement.

Tegaltgal
posted a net loss of $3.8 million, or 35 cents a share for its fiscal first quarter, vs. a loss of $3.2 million, or 32 cents a share in the same period a year earlier. Analysts polled by First Call expected a loss of 31 cents a share. Revenue rose to $6.7 million from $6.5 million. Shares closed up 1/4 to 3 1/8, ahead of the report.

TheGlobe.com TGLO, +0.69%
posted a second-quarter pro forma net loss of $6.7 million, or 27 cents a share, vs. a loss of $3.9 million, or $1.65 a share in the year-ago quarter.Shares outstanding rose to 24.4 million from 2.3 million a year earlier. Including the effects of amortization related to purchased intangibles the company's net loss was $13.1 million, or 54 cents a share. Analysts surveyed by First Call expected the company to lose 32 cents a share, on average. Revenue in the quarter surged 430 percent to $4.1 million from the year-ago level of $0.8 million. TheGlobe.com provides free Internet services, including Web site building, chat rooms and e-mail for various products. Shares closed down 5/8 to 12 7/8, ahead of the release. See Internet Stocks.

The Limited, Inc.LTD, +1.12%
said it sees second-quarter earnings of 26 cents a share, double the year-earlier results. Analysts estimates averaged 19 cents a share, according to First Call. Actual results are expected August 17. The Columbus, Ohio-based company also reported that same store sales increased 7 percent year-to-year, for the four-week period ending in July 31, 1999. The specialty apparel retailer cited strong sales momentum at the apparel businesses. Shares closed down 5/16 to 44 7/8, ahead of the release.

Bigstar Entertainmentbgst
shares closed down at 8 3/16 in its first day of trading vs. an offering price of 10. The e-retailer of video cassettes, laserdiscs and DVDs had decreased the size of its issue to 2.5 million shares from 3.1 million. See IPO Report.

Cigna CI, -0.41%
shares sank 5 15/16 to 83 9/16 after the insurer said medical costs rose faster than the expected 5 to 6 percent range and are expected to rise further the rest of the year. Merrill Lynch downgraded the stock to "intermediate-term accumulate" from "intermediate-term buy." The company reported second-quarter operating net of $1.22 a share, a dime richer than the Street's forecast, according to First Call. Revenue grew 8 percent.

1-800-Flowers.comFLWS, +1.03%
shares closed down at 18 5/8 in its stock market debut after the direct flower seller opened at 21 3/4, not far above its offering price of 21. However, the offering price was well above its range of $16 to $18 per share. See IPO Report.

Fred's Inc.FRED, +0.34%
shares dropped 1 3/16 to 16 5/16 after the company warned second-quarter earnings will fall short by about 5 cents a share due to inventory adjustments. According to market research firm First Call, analysts had projected profits of 14 cents a share for that quarter. Fred's operates about 300 discount stores in 10 Southeastern states, primarily in small towns, according to Hoover's Online.

Henry Schein HSIC, +0.15%
shares plunged 5 1/2 to 15 3/8, a loss of 26 percent, after the health-care product distributor warned that third-quarter dental sales will be as much as 5 percent below last year and fourth-quarter dental sales will be flat to 5 percent higher than the year earlier at best. The sales shortfall "will likely have a disproportionate negative impact on its earnings per share for the balance of the year," the company said.See full story.

IVillage shares
ivil
fell 3 7/8 to 36 1/4 after the operator of a Web site for women reported a second-quarter loss of $17.1 million, or 72 cents a share, vs. a loss of $11.8 million, or $1.85, in the corresponding period a year ago. The First Call consensus estimate was a loss of 77 cents.

Service Experts SVE, -2.13%
shares fell 1 7/16 to 11 3/4 after the company posted lower-than-expected second-quarter earnings of $4.1 million, or 23 cents a share. That was 2 cents short of the First Call consensus estimate. The report also fell short of the year-ago total of $7.4 million, or 44 cents a share. Revenue for the quarter rose to $152.8 million compared to the year-ago total of $102.9 million.

Quotesmith.comQUOT, +1.29%
shares closed at 9 11/16 as online provider of insurance-premium quotes had its stock market debut. Quotesmith priced its 5 million shares at $11, the top of its $9 to $11 range. The Darien, Ill-based company plans to raise $80 million with underwriter Hambrecht & Quist.See IPO Report.

U.S. Home & Gardenushg
shares declined 5/32, or 5 percent, to 2 7/8 after the company warned that its fourth-quarter earnings would be lower than the consensus estimate. The company said earnings would be between 2 cents to 4 cents a share. Analysts polled by First Call expected a profit of 16 cents a share. The company blamed higher-than-expected expenses, product mix and softened demand due to extreme weather patterns.

UnumProvident Corp.UNM, +0.38%
shares plummeted 15 15/16 to 35 3/4 on lower-than-expected earnings in the second quarter. Excluding one-time items, the company said that it earned $169.4 million, or 71 cents a share, 5 cents short of the consensus estimate.

U.S. advancers

XAU, -1.41%
rose 5.6 percent, led by Placer Dome
"
up 3/4 to 10 11/16; Hecla Mining
HL, +0.36%
which rose 3/8, or 18 percent, to 2 1/2 and Barrick Gold
ABX, -0.40%
up 1 3/8 to 19 5/16. Analyst Michael Dudas at Bear Stearns cited a rotation out of some tech stocks to more cyclical stocks. He also said the index got help from a rebound in gold prices over the past few weeks.

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